Trending News
Baltic Exchange Market Report (7 February 2025)...
  Daily Exim

NEWS DETAILS

Date: 13/05/2025

India, UK FTA expected to raise plastic products exports

With the India-UK FTA striking out import duties of up to 6% on all Indian plastic products, the Plastics Export Promotion Council (PLEXCONCIL) anticipates a significant boost to India’s plastic exports to the UK. Projections indicate a near doubling of exports to approximately $800 million by 2027-28. Currently, the UK stands as India’s fourth-largest destination for plastic exports. In FY 2023-24, bilateral trade in plastics between the two nations reached $623 million, with Indian exports accounting for $445 million and imports from the UK at $178 million. Over the last five years, India’s plastic exports to the UK have grown at a steady compounded annual growth rate (CAGR) of 7.5%. Mr Vikram Bhadauria, Chairman of PLEXCONCIL, said that the India-UK FTA is a landmark development that places Indian exporters on equal footing with EU suppliers, who previously enjoyed zero-duty access, as per a report.
 
Source: Exim News Service: New Delhi, May 12



Featured News

EXIM INDIA ONLINE SERVICES

APPOINTMENTS

View All

USEFULL LINKS

View All

Introduction

EXIM INDIA is a reputed and all-India recognised premier publishing house. It publishes a daily newspaper.

It publishes a daily newspaper "Exim Newsletter" from Mumbai & Western India, Gujarat, New Delhi & North India and Exim India - 'Shipping Times' from Kolkata, Chennai, Cochin and Tuticorin for the last 47 years.

Read More

QUICK LINKS

Contact Details

Inquiry

© | Exim India. All rights Reserved.